Consolidated Edison Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Consolidated Edison Inc. (ED) released a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $588 million, or $1.70 per share. This compares with $526 million, or $1.53 per share, in last year's third quarter.

Excluding items, Consolidated Edison Inc. reported adjusted earnings of $583 million or $1.68 per share for the period.

Analysts on average had expected the company to earn $1.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Consolidated Edison Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $588 Mln. vs. $526 Mln. last year. -EPS (Q3): $1.70 vs. $1.53 last year.

-Guidance: Full year EPS guidance: $5.30 to $5.40